Money Archives

Money and Happiness: Can You Buy Life Satisfaction?

Is there a correlation between money and happiness? Do you think money can buy happiness? Money and happiness have a heavily debated relationship—it’s a common saying that money can’t buy happiness, but it’s fairly clear that money can certainly contribute to it. You don’t even have to earn a crazy amount of money to be happy. The trick is to use your money in wise, meaningful ways that contribute to the factors of happiness. In this article, we’ll talk about the relationship between money and happiness, and some ways to derive more happiness from spending money.

2009 Auto Bailout: Saving the U.S. Auto Industry

What was the 2009 auto bailout? Who benefited from it and why did it happen? The 2008 financial crisis his the auto industry particularly hard. Chrysler and General Motors were struggling and needed assistance, which became known as the 2009 auto bailout. Read more about the 2009 auto bailout and what the government did.

2009 Stimulus: The ARRA and Government Bailouts

What was the 2009 stimulus? How did the government handle the financial crisis of 2008? The 2009 stimulus is now often referred to as the “bailout.” Against President Obama’s wishes, the 2009 stimulus mainly assisted large corporations and Wall Street. Read more about the 2009 stimulus, how it was decided, and how it affected the country.

Price Anchoring: Reasonableness Is Relative

What is price anchoring? Why is our idea of a reasonable price completely arbitrary? How can anchoring affect your future decisions? Price anchoring is the process of establishing a product’s price as “normal” and making it the benchmark by which you judge all other prices. These anchors are irrational and can stack up to more irrational decision-making in the future. Keep reading for more information about price anchoring.

The Psychology of Lying: Cash Makes Us Honest

How do we rationalize dishonesty? Why does cash make us more honest? Experiments on the psychology of lying show that dishonesty is more common if we reflect on moral standards before lying or if we have at least one degree of separation from money. We can use this knowledge to stop rationalizing dishonesty and to become more honest. Keep reading for more on the psychology of lying.

3 Ways to Secure Your Financial Future

Wealth Building and the Power of Compounding

What do you want your financial future to look like? What can you do to secure your financial future and ensure yourself a comfortable retirement? Being financially secure in retirement may be the last thing on your mind if you are in your 30s or 40s. But if you want to retire comfortably, it is important to start thinking of ways to secure your financial future many years in advance. Here are three ways you can secure your financial future so you can enjoy a comfortable retirement.

Buying Insurance: 2 Essential Things to Know

What should you consider when buying insurance? And what are some pitfalls to watch out for when signing your insurance plan? When buying insurance, you should always comparison shop and scrutinize all the options. You don’t want to end up paying for coverage you don’t need, or worse, failing to get the coverage you do need. Here are two pieces of advice you should keep in mind when buying insurance.

How to Save for a House in 4 Easy Steps

Do you dream of buying a home? How much money do you need to save for a house down payment in your legislation? Buying a home is one of the best investments you can make, despite fluctuations in pricing and shifts in the economy. It’s like a long-term savings plan—not only do you need to save for a house down payment, but any increase in value won’t be taxable until you decide to sell. Here is how to create a feasible plan to save for a 20% house down payment.

The Barefoot Investor Buckets for Managing Money

What are the three The Barefoot Investor buckets? What is the purpose of each bucket? In his book The Barefoot Investor, Scott Pape recommends distributing your take-home income over three buckets: blow, grow, and backstop. The blow bucket consists of money for day-to-day expenses, the grow bucket houses your long-term investment money, and the backstop bucket fund is reserved for emergencies. Here is an overview of each of The Barefoot Investor buckets.

Get Out of Debt: A Little Planning Goes a Long Way

Are you struggling to get out of debt? Are your debt contributions preventing you from spending your money the way you’d like? Being in debt can take an emotional toll. Learning how to systematically get out of debt will free you to save money for things you’d rather spend money on. Here’s how to systematically get out of your debt so you can save money for things you’d rather buy.